|Filed Under:||Business & Finance / Economics|
|Posts on Regator:||1035|
|Posts / Week:||2.4|
|Archived Since:||June 7, 2008|
Here are some of the books I have read this summer, all recommended. Nobody's Fool by Richard Russo Success and Luck by Robert Frank The Upside of Inequality by Edward Conard Hillbilly Elegy by J.D. Vance
The Economist explains Nash equilibrium.
Fact of the day: "Danish-Americans have a measured living standard about 55 percent higher than the Danes in Denmark. Swedish-Americans have a living standard 53 percent higher than the Swedes, and Finnish-Americans have a living standard 59 percent higher than those back in Finland."
George says it's a very American tradition.
The Economist explains the Keynesian multiplier.
The Economist explains the Stolper-Samuelson theorem.
The Atlantic summarizes some fascinating new research from Jim Heckman.
Source Source To users of my favorite textbooks: Thank you! Have a great semester.
This morning, John Harwood of CNBC and the New York Times asked for my view of Donald Trump, which John then summarized on his Twitter feed. Here is the full answer I gave him:He will not be getting my vote.I have Republican friends who think that things couldn't be worse than doubling down on Obama policies under Hillary Clinton. Show More Summary
From an interview with the LA Times."I’m open also to the notion of a carbon tax. That it does have an impact, that it ends up being revenue-neutral. I’m not looking at this as a revenue generator, as much as there are costs associated with, there are health and safety issues with carbon."
The second article in The Economist series is on Hyman Minsky.
Click here to read my column in Sunday's NY Times.
The Economist is running a series on six big ideas in economics. First up: Akerlof and lemons.
I have a book review in Science. Here is an ungated version.
Larry Ball has an important new monograph arguing, contra Bernanke, that during the recent financial crisis, the Fed could have saved Lehman Brothers but, unadvisedly, chose not to. Here, James Stewart of the NY Times covers the Ball...Show More Summary
1. Progress in Washington State.2. Progress in Canada.
Consider an economy in which average income is $50,000 but with much income inequality. To provide a social safety net, two possible policies are proposed. A. A universal transfer of $10,000 to every person, financed by a 20-percent flat tax on income. Show More Summary
Some suggestions from Harvard profs.
I see you recently opened up a golf course in Scotland. I presume that part of your business plan is for some Americans to take vacations to play there. But this raises some thorny questions.You complain constantly about American firms moving jobs overseas. Show More Summary